Terms & conditions would decide if a Letter of Intent is a contract

28
07/2021

Terms & conditions would decide if a Letter of Intent is a contract

In SOUTH EASTERN COALFIELDS LTD. & ORS vs M/s. S. KUMAR’s ASSOCIATES AKM (JV), the Supreme Court has reiterated that whether a Letter of Intent (LOI) merely expressed an intention to enter into a contract or IS a more binding agreement would depend upon on the terms and conditions of the Notice Inviting Tenders, the LoI and the conduct of the parties.

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